SGD New Issue Review : Swiber 2Y 5.25%
Bringing the latest news in bonds and providing market information is not easy and Tradehaven strives hard to accomplish that for our readers.
If you like our articles and stories, do contribute to our site to keep it going.
The button is located on the left side of our home page.
Issuer: Swiber Holdings Ltd.
• Status: Direct, unconditional, unsubordinated and unsecured notes
• Rating: Unrated
• Format: Reg S, S274 & 275 of Singapore SFA
• Tenor: 2 Years
• Price guidance: 5.25% area
• Use of proceeds: Refinancing existing borrowings of Issuer and its subsidiaries
March Vallianz 2Y https://tradehaven.net/market/sgd-new-issue-review-vallianz-2y-7-5-and-a-story-of-listing-pigs/ Current Price 100.65/101.00
April Swiber 2.5Y https://tradehaven.net/market/sgd-new-issue-review-swiber-2-5y-not-a-surprise/ Current Price 100.25/100.65May Vallianz 2.5Y https://tradehaven.net/market/sgd-new-issue-reviews-central-china-real-estate-3y-and-vallianz-2-5y/ Current Price 100.50/100.70
Today Swiber 2Y.
Very nice pattern here.
I cannot say anymore about these companies because the bond prices are higher although their stock prices are not doing too well – not sure about the reason for Swiber’s share price dipped 10% lately.
Could be due to the “Sell” recommendation out of UOB and the news that weak earnings may persist for now from OCBC.
What do I think ?
I guess they just like to pay more interest expenses or set a new record for financial leverage, because they have finally overtaken Olam and catching up with Oxley.
For my analysis of Swiber, please read the link above.